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Venezuela Factions Restart Talks, Eyeing Sanctions Relief

  • Mexico talks open on Saturday to work on humanitarian deal
  • Chevron gets license to resume some operations in Venezuela
Nicolas Maduro
Nicolas MaduroPhotographer: Gaby Oraa/Bloomberg
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Venezuela’s battling political factions restarted negotiations on Saturday in Mexico, signing a rare deal to work together on a humanitarian spending plan and setting the stage for the US to ease restrictions on Chevron Corp. to operate in the country.

Representatives of the Venezuelan government and the opposition signed a humanitarian agreement that seeks to get access to some of the country’s frozen funds abroad and using them to reinforce the public health system and the electrical grid, among other purposes.